Following measures should be taken 1. Reduce Tax % for all type of income. A flat 10% tax should be there for all income group to encourage all class of people to pay taxes. 2. Law for penalty for not paying taxes should be tightened. 3. all allowances should be kept free from taxes. Government employee is not earning anything from these allowances these are expenditure only. so no taxes should be levied.
4. Petrol and deisel prices should be reduced to reduce the overall inflation by reducing taxes on them.
5. VAT should be removed. For any product only one time tax @ 5% should be levied and this should be paid by the manufacture only by adding in price. no other dealers etc should be allowed to add taxes on the price of the material. From the dealers income tax should be charge as per income. Price may be controled a lot by reducing taxation at different level on the same product.
Re: To finance Minister
by vuyyala nagesh on Feb 24, 2010 12:40 PM Permalink
i think politicians may not get their share if they implement this. If this kind of budget is implemented then definitely INDIA will prosper man. Then ultimately politicians will not have prosperity in their swiss banks
Re: To finance Minister
by vuyyala nagesh on Feb 24, 2010 12:41 PM Permalink
i think politicians may not get their share if they implement this. If this kind of budget is implemented then definitely INDIA will prosper man. Then ultimately politicians will not have prosperity in their swiss banks
